Terreno Realty Corporation (TRNO) to Issue Quarterly Dividend of $0.52 on July 10th

Terreno Realty Corporation (NYSE:TRNO) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Friday, June 26th will be paid a dividend of 0.52 per share by the real estate investment trust on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, June 26th.

Terreno Realty has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Terreno Realty has a dividend payout ratio of 123.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Terreno Realty to earn $2.97 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 70.0%.

Terreno Realty Trading Up 0.7%

Shares of NYSE:TRNO opened at $66.56 on Friday. The stock has a 50 day moving average of $64.01 and a 200 day moving average of $62.42. The company has a market cap of $7.07 billion, a PE ratio of 17.07 and a beta of 1.06. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.24. Terreno Realty has a 12-month low of $53.00 and a 12-month high of $67.55.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.36. The company had revenue of $124.44 million during the quarter, compared to the consensus estimate of $122.37 million. Terreno Realty had a return on equity of 10.08% and a net margin of 84.51%. As a group, equities research analysts expect that Terreno Realty will post 2.79 EPS for the current year.

Terreno Realty Company Profile

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.